Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.354%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.285%+$28 · spread now −0.354%, 7d avg +0.058%

Together, before fees+0.284%+ Points / potential airdropNado: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.413% cheaper against HTX than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.976	0.0100	pay 0.0100% / 8h	6h 55m	$625K	$689K	75x
Short	Nado LINK-PERP	12.930	0.0100	get 0.0012% / 1h	55m 31s	$348K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee NadobpOrdersPrice spread, now −0.354%Rate

Funding earned: $0
Price spread: −0.354% → +0.058%: −$41.25
Slippage, 4 orders: −$44.56
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$104.82
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; Nado: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 38 min ago	17.70 bp	23.7 bp −$24	24.4 bp −$244	doesn't fit	doesn't fit
Sell Nado live order book, 37 min ago	1.17 bp	7.9 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LINK_USDC	−0.0137%	8h	12.976	−0.004%	$86K	$929K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.985	+0.066%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.012	+0.272%	$498K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	+0.538%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.443%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0044%	1h	12.982	+0.040%	$6.4M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.016	+0.303%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.942	−0.267%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.933	−0.332%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.930	−0.354%	$348K	$311K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.935	−0.320%	$80.7M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.933	−0.334%	$1.3M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.939	−0.292%	$275K	$167K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.924	−0.405%	$119.7M	$287.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.927	−0.381%	$83.7M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.928	−0.374%	$27.0M	$77.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.947	−0.227%	$181K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.937	−0.304%	$133.7M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.934	−0.328%	$35.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	−0.289%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	−0.412%	$54.1M	$28.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.932	−0.343%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.974	−0.019%	$337K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.004%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.140%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.266%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.000	+0.181%	$133K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	−0.374%	$82K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.995	+0.144%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	+0.012%	$11K	$61K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.976	long leg	$625K	$689K	75x
Extended LINK-USD	+0.0104%	1h	12.927	−0.381%	$621K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.992	+0.120%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0208%	1h	13.025	+0.374%	$941K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.258%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0336%	1h	12.986	+0.076%	$878K	$337K	50x	as long as short
Reya LINKRUSDPERP	+0.0405%	1h	12.927	−0.382%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0440%	8h	12.995	+0.143%	$20.0M	$11.0M	50x	as long as short
dYdX LINK-USD	+0.1453%	1h	12.942	−0.262%	$348K	$48K	10x	as long as short